Retail premises for sale in Kiveton Park Village, Sheffield S26

Offers over £505,000 (£157.47/sq. ft)
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Retail premises for sale 3,207 sq. ft*
Tenure: Not available Council tax band: Not available

Property description

Part single and part two storey detached convenience store and 3 bedroom flat

A dominant stand alone store located in an attractive residential area

Let on an overriding lease for 16.5 years with no breaks to the substantial covenant Martin McColl Limited

Fixed uplifts at 2% pa throughout

Total current rents reserved £33,480 per annum rising to £40,812 per annum in 2029

Net Initial yield of 6.33% with a reversionary yield in November 2024 to 6.99%

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Savoy Stewart, W1C on +44 20 8115 5245 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savoy Stewart, and do not constitute property particulars. Please contact Savoy Stewart for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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